WSFS Financial Corp Stock Research

Market Summary

USD37.92-0.05

Delayed

-0.13%

WSFS Alerts

Big jump in Revenue (Y/Y)
Big jump in Earnings (Y/Y)

WSFS Stock Price

WSFS RSI Chart

WSFS Valuation

Market Cap

2.4B

Price/Earnings (Trailing)

10.83

Price/Sales (Trailing)

2.5

EV/EBITDA

1.63

Price/Free Cashflow

5.1

WSFS Price/Sales (Trailing)

WSFS Profitability

EBT Margin

31.19%

Return on Equity

10.08%

Return on Assets

1.12%

Free Cashflow Yield

19.6%

WSFS Fundamentals

WSFS Revenue

Revenue (TTM)

963.9M

Revenue Y/Y

58.69%

Revenue Q/Q

153.65%

WSFS Earnings

Earnings (TTM)

222.4M

Earnings Y/Y

50.03%

Earnings Q/Q

15.08%

Price Action

52 Week Range

37.0351.77

(Low)(High)

Last 7 days

-1.7%

Last 30 days

-23.1%

Last 90 days

-17.5%

Trailing 12 Months

-22.7%

WSFS Financial Health

WSFS Investor Care

Dividend Yield

1.47%

Dividend/Share (TTM)

0.56

Shares Dilution (1Y)

32.62%

Diluted EPS (TTM)

3.49

Peers (Alternatives to WSFS Financial)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	380.5B	128.7B	-8.83%	-7.16%	10.1	2.96	5.79%	-22.05%
BAC	227.8B	95.0B	-16.18%	-33.23%	8.28	2.4	6.55%	-13.92%
WFC	142.3B	54.0B	-19.63%	-27.36%	10.79	2.63	36.10%	-38.82%
USB	52.2B	17.9B	-26.81%	-37.12%	8.96	2.91	33.05%	-26.85%
PNC	51.3B	21.1B	-21.12%	-34.60%	8.39	2.43	9.94%	6.78%
MID-CAP
NYCB	6.0B	2.1B	-1.01%	-14.94%	9.18	2.85	23.86%	9.06%
TFSL	3.6B	456.2M	-12.10%	-23.41%	44.1	7.79	20.21%	11.74%
COOP	2.9B	2.5B	-15.55%	-17.06%	2.28	1.03	-25.74%	-36.52%
WSFS	2.4B	963.9M	-23.08%	-22.72%	10.83	2.5	50.18%	-18.08%
AX	2.2B	847.7M	-21.16%	-19.77%	8.65	2.65	34.99%	13.45%
SMALL-CAP
NWBI	1.6B	448.8M	-10.70%	-6.53%	11.71	3.49	7.24%	-13.39%
MBIN	1.2B	382.0M	-8.76%	-5.63%	5.3	3.02	24.34%	-6.01%
LBC	484.2M	261.0M	-17.68%	-28.18%	6.04	1.86	14.49%	-8.61%
BWB	308.3M	163.7M	-20.69%	-33.02%	5.77	1.88	27.01%	16.86%
OPBK	146.4M	79.1M	-19.70%	-32.21%	4.25	1.85	32.55%	46.31%

Financials for WSFS Financial

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	22.2%	964	789	712	665	642
Operating Expenses	13.6%	585	515	401	284	-
EBITDA	15.1%	963	837	738	735	-
EBITDA Margin	-5.8%	1.00*	1.06*	1.59*	1.53*	-
Earnings Before Taxes	15.6%	301	260	233	277	358
EBT Margin	-5.4%	0.31*	0.33*	0.50*	0.58*	-
Interest Expenses	14.8%	663	577	505	458	434
Net Income	14.5%	222	194	175	210	271
Net Income Margin	-6.3%	0.23*	0.25*	0.38*	0.44*	-
Free Cahsflow	102.1%	472	234	268	107	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-0.4%	19,915	19,985	20,550	20,965	15,777
Cash Equivalents	-18.8%	837	1,031	1,677	2,284	1,533
Net PPE	-2.8%	116	119	121	123	87.00
Goodwill	0%	884	884	883	414	473
Liabilities	-1.0%	17,713	17,885	18,237	18,447	13,840
Shareholder's Equity	4.8%	2,205	2,104	2,313	2,518	1,939
Retained Earnings	5.6%	1,411	1,336	1,272	1,220	1,225
Additional Paid-In Capital	0.1%	1,974	1,972	1,968	1,968	1,059
Accumulated Depreciation	-	103	-	-	-	-
Shares Outstanding	-1.8%	63.00	64.00	65.00	-	-
Minority Interest	-16.8%	-3.23	-2.76	-2.48	-2.65	-2.08

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	97.9%	481	243	276	114	126
Share Based Compensation	8.1%	6.00	6.00	6.00	6.00	6.00
Cashflow From Investing	83.9%	-137	-854	-1,310	-940	-1,492
Cashflow From Financing	-177.8%	-1,039	-374	290	1,046	1,245
Dividend Payments	9.4%	36.00	33.00	29.00	27.00	24.00
Buy Backs	8.6%	200	184	102	49.00	13.00

Risks for WSFS

What is the probability of a big loss on WSFS?

60.4%

Probability that WSFS Financial stock will be more than 20% underwater in next one year

45.4%

Probability that WSFS Financial stock will be more than 30% underwater in next one year.

19.2%

Probability that WSFS Financial stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does WSFS drawdown profile look like?

Y-axis is the maximum loss one would have experienced if WSFS Financial was unfortunately bought at previous high price.

Drawdowns

Returns for WSFS

Cumulative Returns on WSFS

9.9%

10-Year Cumulative Returns

3.2%

7-Year Cumulative Returns

-3.5%

5-Year Cumulative Returns

17.5%

3-Year Cumulative Returns

What are the long-term rolling returns for WSFS?

FIve years rolling returns for WSFS Financial.

Annualized Returns

Which funds bought or sold WSFS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-24	PALISADE CAPITAL MANAGEMENT, LP	reduced	-1.98	-1,697,580	37,348,400	1.00%
2023-03-23	MetLife Investment Management, LLC	reduced	-6.08	-132,288	1,452,650	0.01%
2023-03-17	American Portfolios Advisors	unchanged	-	605	4,414	-%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-10.27	-81,590	575,410	-%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-25.8	-5,000	13,000	-%
2023-03-06	NORTH STAR ASSET MANAGEMENT INC	reduced	-4.91	-624,441	8,044,560	0.50%
2023-02-28	Voya Investment Management LLC	reduced	-1.76	-48,392	1,126,610	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	unchanged	-	-22,000	900,000	0.01%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	unchanged	-	-2,955	126,045	-%
2023-02-21	MACQUARIE GROUP LTD	reduced	-2.38	-4,708,000	94,233,000	0.11%

Latest Funds Activity

Are funds buying WSFS calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own WSFS

No. of Funds

WSFS Financial News

Schedule 13G FIlings of WSFS Financial

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	price t rowe associates inc /md/	0.3%	189,954	SC 13G/A
Feb 09, 2023	vanguard group inc	11.47%	7,061,120	SC 13G/A
Jan 24, 2023	blackrock inc.	14.5%	8,941,997	SC 13G
Feb 14, 2022	price t rowe associates inc /md/	6.8%	3,237,267	SC 13G/A
Feb 10, 2022	vanguard group inc	12.87%	6,120,051	SC 13G/A
Feb 08, 2022	dimensional fund advisors lp	5.2%	2,472,905	SC 13G/A
Jan 27, 2022	blackrock inc.	14.8%	7,022,000	SC 13G/A
Jan 25, 2022	blackrock inc.	14.8%	7,022,000	SC 13G/A
Mar 10, 2021	vanguard group inc	10.62%	5,046,144	SC 13G/A
Mar 10, 2021	blackrock inc.	14.8%	7,042,498	SC 13G/A

WSFS Fair Value

WSFS Financial fair value in different scenarios

The table shows the Fair Value estimates for WSFS Financial for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	- -	- -	- -	- -	- -
Current Inflation	39.00 2.85%	52.81 39.27%	71.74 89.19%	94.93 150.34%	127.77 236.95%
Very High Inflation	- -	- -	- -	- -	- -

Historical WSFS Financial Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of WSFS Financial

View All Filings

Date Filed	Form Type	Document
Mar 17, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading
Mar 03, 2023	3/A	Insider Trading
Mar 03, 2023	3/A	Insider Trading
Mar 03, 2023	4	Insider Trading

Latest Insider Trading transactions for WSFS

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-15	Kruzinski Shari	sold (taxes)	-2,290	39.49	-58.00	evp, chief customer officer
2023-03-15	Clark Stephen P	sold (taxes)	-6,278	39.49	-159	evp
2023-03-15	BACCI ARTHUR J	sold (taxes)	-4,659	39.49	-118	executive vice president
2023-03-15	Canuso Dominic C	sold (taxes)	-6,555	39.49	-166	evp & cfo
2023-03-15	Ward Patrick Joseph	sold (taxes)	-3,435	39.49	-87.00	executive vice president
2023-03-15	LEVENSON RODGER	sold (taxes)	-20,653	39.49	-523	president & ceo
2023-03-15	BRUBAKER LISA M	sold (taxes)	-3,198	39.49	-81.00	evp, chief technology officer
2023-02-27	Canuso Dominic C	acquired	143,256	49.69	2,883	evp & cfo
2023-02-23	Clark Stephen P	acquired	124,076	49.69	2,497	evp
2023-02-23	Ward Patrick Joseph	acquired	111,852	49.69	2,251	executive vice president

About WSFS Financial

Rodger Levenson

www.wsfsbank.com

1840

WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect, and Wealth Management. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities. The company also provides a range of loans, which comprise fixed and adjustable rate residential loans; commercial real estate mortgage loans; commercial construction loans to developers; commercial loans for working capital, financing equipment and real estate acquisitions, business expansion, and other business purposes; and consumer credit products, such as home improvement, automobile, and other secured and unsecured personal installment loans, as well as home equity lines and unsecured lines of credit, and government-insured reverse mortgages. In addition, it offers various third-party investment and insurance products, such as single-premium annuities, whole life policies, and securities; investment advisory services to high net worth individuals and institutions; mortgage and title services; and leases small equipment and fixed assets, as well as cash management, trust, and wealth management services. Further, the company provides ATM vault cash, smart safe, and other cash logistics services; and online reporting and ATM cash management, predictive cash ordering and reconcilement services, armored carrier management, loss protection, ATM processing equipment sales, and deposit safe cash logistics services. As of December 31, 2020, it operated 112 offices, including 52 in Pennsylvania, 42 in Delaware, 16 in New Jersey, 1 in Virginia, and 1 in Nevada. The company was founded in 1832 and is headquartered in Wilmington, Delaware.

WSFS Income Statement

2022-12-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Interest income:
Interest and fees on loans and leases	$ 582,754	$ 393,248	$ 460,394
Interest on mortgage-backed securities	106,606	55,802	48,377
Interest and dividends on investment securities:
Taxable	2,812	2,805	1,191
Tax-exempt	4,087	2,719	3,428
Other interest income	7,556	1,795	1,015
Total interest income	703,815	456,369	514,405
Interest expense:
Interest on deposits	28,181	14,923	39,262
Interest on Federal Home Loan Bank advances	538	5	1,950
Interest on senior and subordinated debt	8,246	6,497	4,998
Interest on trust preferred borrowings	3,482	1,274	1,751
Interest on federal funds purchased	443	0	471
Interest on other borrowings	35	21	18
Total interest expense	40,925	22,720	48,450
Net interest income	662,890	433,649	465,955
Provision for (recovery of) credit losses	48,089	(117,087)	153,180
Net interest income after provision for (recovery of) credit losses	614,801	550,736	312,775
Noninterest income:
Loan and lease fee income	6,275	7,533	4,518
Security gains, net	0	331	9,076
Unrealized gains on equity investments, net	5,980	5,141	761
Realized (loss) gain on sale of equity investment, net	0	(706)	22,052
Bank owned life insurance income	1,804	1,251	1,280
Total non interest income	260,134	185,480	201,025
Noninterest expense:
Salaries, benefits and other compensation	283,905	214,167	194,317
Occupancy expense	40,885	32,802	32,105
Equipment expense	40,994	29,040	23,793
Professional fees	18,497	15,614	18,757
Data processing and operations expenses	20,876	14,074	12,600
Marketing expense	7,230	5,413	5,677
FDIC expenses	6,098	4,081	2,148
Loan workout and other credit costs	702	663	6,899
Corporate development expense	42,749	11,676	4,328
Restructuring expense	22,473	1,346	510
Recovery of legal settlement	0	(15,000)	0
Loss on early extinguishment of debt	0	1,087	2,280
Other operating expense	89,917	63,553	65,430
Total non interest expenses	574,326	378,516	368,844
Income before taxes	300,609	357,700	144,956
Income tax provision	77,961	86,095	31,636
Net income	222,648	271,605	113,320
Less: Net income (loss) attributable to noncontrolling interest	273	163	(1,454)
Net income attributable to WSFS	$ 222,375	$ 271,442	$ 114,774
Basic earnings per share (in dollars per share)	$ 3.50	$ 5.71	$ 2.27
Diluted earnings per share (in dollars per share)	$ 3.49	$ 5.69	$ 2.27
Credit/debit card and ATM income
Noninterest income:
Noninterest income	$ 40,088	$ 29,479	$ 35,014
Investment management and fiduciary revenue
Noninterest income:
Noninterest income	121,608	62,348	48,979
Deposit service charges
Noninterest income:
Noninterest income	24,484	22,090	19,999
Mortgage banking activities, net
Noninterest income:
Noninterest income	7,271	23,216	30,201
Other income
Noninterest income:
Noninterest income	$ 52,624	$ 34,797	$ 29,145